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1. The International Trade Commission has defined dumping as an unfair trade practice that results in "injury, destruction, or prevention of the establishment of American industry."

True

False

2. Pearson, McGraw-Hill, & Thomson textbook publishers use polycentric pricing strategy when selling their textbooks in Europe and Asia.

True

False

3. The switching mechanism provides a "secondary market" for countertraded or bartered goods and reduces the inflexibility inherent in barter and countertrade.

True

False

4. McDonald's has a well-known global brand name and a business system that can be easily replicated in multiple countries; however, it does not provide the foreign franchisees any leeway to tailor restaurant interior designs and menu offerings to suit country-specific preferences and tastes.

True

False

5. An express warranty is a written guarantee that assures the buyer that he or she will be able to contact the manufacturer whenever needed.

true

false